A recent report published by
Infinium Global Research on the firefighting foam market provides in-depth analysis
of segments and sub-segments in the global as well as regional firefighting
foam market. The study also highlights the impact of drivers, restraints, and
macro indicators on the global and regional firefighting foam market over the
short term as well as long term. The report is a comprehensive presentation of
trends, forecast and dollar values of the global firefighting foam market.
According to the report, the global firefighting foam market is projected to
grow at a CAGR of 3.9% over the forecast period of 2019-2025.
Firefighting foam is used for fire
suppression. It coats the fuel and prevents its contact with
oxygen that suppresses the fire. Firefighting foam as an alternative to AFFF
propels the demand for firefighting foam. moreover, a growing number of fire
accidents stimulates the demand for firefighting foam.
Increasing expenditure on
fire-related incidents at industrial sites drives the growth of the
firefighting foam market. further, rising awareness about environmentally safe
products stimulates the demand for firefighting foam in industrial applications. In addition to the above, declining
usage of water as a fire extinguisher has contributed significantly to augment the demand for firefighting
foam worldwide. Growing number of incidences of fire breakouts and advanced
technologies to deal with issues regarding firefighting is likely to promote the
growth in the firefighting foam market over the next few years. In addition, increasing demand from
end-use industries such as oil & gas, aviation, mining, and marine
is likely to drive the growth of the firefighting foam market over the forecast period. On the other side, strict
regulations regarding the production of firefighting foam hamper the growth of
the firefighting foam market. Moreover, technological development combats the
issue related to firefighting foams that creates several opportunities for the
growth of firefighting foam market.
Based on geography, the global
firefighting foam market is segmented into North America, Asia-Pacific, Europe,
and the Rest of the World. Among the geographies, the Asia-Pacific region is anticipated to hold a maximum share in the global firefighting foam market. Increasing usage of firefighting
foam in the oil and gas industry, aviation, marine, and mining
industries in the Asia-Pacific region promotes the growth of the firefighting
foam market in Asia-Pacific. North America is expected to grow with a healthy CAGR over the forecast period. Moreover, Europe
is anticipated to demonstrate steady growth in the global firefighting foam market.
The report on the global firefighting
foam market covers segments such as types of firefighting foam, and end-use industry. On the basis of
types, the sub-markets include aqueous-film-forming foam, protein foam,
alcohol-resistant foam, synthetic detergent foam, and other types. On the basis
of the end-use industry, the sub-markets include marine, oil & gas, aviation,
mining, and other end-use industries.
The report provides profiles of
the companies in the market such as Angus Fire Ltd., Kerr Fire, DIC
Corporation, Solberg Scandinavian AS, Johnson Controls International PLC, Dr.
Sthamer, SFFECO GLOBAL FZE, Profoam Corporation, FireChem, K.V. Fire Chemicals
Pvt. Ltd., and Other companies. Companies operating in the global firefighting foam market are focusing on mergers, acquisitions, and new product launches that expand their market share.
The report provides deep insights
into the demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings an insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the firefighting foam market. Moreover, the study highlights current
market trends and provides forecast from 2019-2025. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings
an insight into the market share of the leading players.